Wednesday’s need-to-know money news

Today’s top story: How to budget for a new home so you don’t end up house poor. Also in the news: Why (and how) to renew your passport now, even if you’re not traveling soon, once-rare cell phone protection is now a common credit card perk, and should you plan for $50,000 in student loan forgiveness?

How to Budget for a New Home So You Don’t End Up House Poor
Before buying a home, figure out how much house you can truly afford, including a budget for maintenance and repairs.

Why (and How) to Renew Your Passport Now, Even If You’re Not Traveling Soon
The State Department is processing applications slower than usual, so you’ll want to apply early.

Once-Rare Cell Phone Protection Now a Common Credit Card Perk
Cell phone insurance is the kind of perk that can benefit both the cardholder and the card issuer. Here’s why and what to know about it.

Should You Plan for $50,000 In Student Loans Forgiveness?
Is there reason for optimism?